a derogatory term substituting "douchebag", "tool" and other similar words
by Tom Corde September 30, 2009
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A derogatory term used to describe someone who is somewhat of an asshole.
Did you see the way he was acting? What a penske!
by stankwurst September 30, 2009
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As incorporated in the Seinfeld episode "The Barber", the Penske File is the project George is given to work on in a job he may or may not have. Unsure as to whether he has the job, he is equally unsure as to what work he has to do on this file.

Thus, to refer to something as the "Penske File" denotes being given a task, not knowing what to do with it, but going along with it as if you do. This can consequently result in a lot of 'doing nothing', while looking like you are working hard.
Quote from Seinfeld: "Yes, yes of course. The Penske file. Ho ho, can't wait to sink my teeth into that. Wow that Penske. Well we'll straighten him out."

Starting a new job: "Well they told me what kind of work I'll be doing.. Didn't really understand them though... Guess I'll be working on the Penske File"
by Troy of Hobart July 25, 2011
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Imaginary/nonexistent project, used as a cover for goofing off at work; derived from an episode of Seinfeld.
"Yeah, I'm really busy working on that Penske file."
by gregg schultz March 12, 2004
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Billionaire owner of Penske Corporation and Penske Racing. Mr. Penske is highly regarded for his meticulous, old school approach to everything he does. Nicknamed "The Captain" by those close to him in the racing world.
Roger Penske is legendary in the world of racing. I see Roger Penske's Penske Truck Rental trucks everywhere I go. Did Roger Penske's driver win the Indy 500 this year?
by needtoknowbasis November 11, 2013
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In times of hardship for the laborers at K-mart store #7120, they retreat to the far reaches of the store, to a lovely abandoned auto center-turned-stockroom informally called Penske (after the company that formerly ran it). In this room many lulz and epic wins occur, along with wholesome activities such as slacking, graffiti-ing the windows, and hiding behind box mountains. It has quickly become a symbol of everything that is good in the world of retail Hell.
#30: "Man, I need a fuckin' break."
#29: "I think it's PENSKE TIME!"
#32: "Hey guys, we crackin' open the Penske soon?"
by Jim Kurta December 9, 2007
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When you volunteer to help a friend "pack a couple of boxes" for a move, and then get roped into something completely outrageous. Like driving a moving truck full of his shit cross country because the fool didn't get a big enough truck in the first place, needed to rent another one from Penske, and didn't have anyone else stupid enough to drive the damn thing. Jesus H Christ!!!!
Karl asked his buddy to help him "pack a few boxes" for a move, and then proceeded to give him the ole Penske Steamer.
by Dubble Trubble August 22, 2007
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